LIC SINGLE PREMIUM ENDOWMENT PLAN

LIC SINGLE PREMIUM CHILD PLAN
LIC SINGLE PREMIUM CHILD PLAN

USPs of Table No 817

  • Only one time premium deposit
  • Fixed deposit for Kids
  • Tax Benefits U/S 80C & 10.10D
  • Grandparents can gift to grand children
  • Safe, Secured & Guaranteed

Eligibility Conditions & Restriction

ParticularsMINIMUMMAXIMUM
Age90 days completed65 yrs NBD
Policy Term10years25years
Sum Assured50000 No Limit
Maturity Age18yrs completed75 yrs NBD
Risk Cover At the age of 8 yrs or immediately if age is more than 8yrs

Maturity Benefit : On completion of the policy term, Non Linked Guaranteed Sum Assured together with Vested Revesionary Bonuses and Final Additional Bonuses will be paid

Death Benefit: After commencement of risk, Sum assured plus vested bonus & FAB will be paid. Before commencement of risk, premium excluding taxes will be refunded.

Loan : Loan is payable in LIC SINGLE PREMIUM ENDOWMENT PLAN after 1 years.

Guaranteed Surrender Value : In Ist yr – 70% of single premium excluding all taxes. 2nd yr onwards – 90% of single premium excluding all taxes.

ILLUSTRATION OF LIC SINGLE PREMIUM ENDOWMENT PLAN

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